SOLUTION: Before the postage increased from 87 cents to 96 cents for large envelopes, a company was sending out 4300 catalogs in large envelopes. Because of the price increase, the company w
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Question 1093972: Before the postage increased from 87 cents to 96 cents for large envelopes, a company was sending out 4300 catalogs in large envelopes. Because of the price increase, the company will cut down on the number of catalogs sent. The company budgets an extra 2% when the new postage takes effect. By what percent will the number of catalogs decrease? Answer by ikleyn(52788) (Show Source):
1. 87 cents * 4300 = 374100 cents. It was the budget before postage increase.
2. New postage budget is 2% more and is equal to 374100*(1+0.02) = 381582 cents.
3. So, the company can send now = 3974.8 large envelopes = 3974 if to round to the nearest smaller integer.
4. Now the ratio under the question is = 0.075814 or 7.5814%.
